Taxes are one of the first things many high-income physicians notice when they start looking seriously at real estate.
Rental property comes with expenses and deductions that work very differently from W-2 income, and depreciation is a big part of that.
Depreciation allows you to deduct a portion of a property’s value over time, even while the property may be producing income.
Depending on the property, your level of participation, and your individual tax situation, there are also strategies that can affect how real estate income and losses are treated.
That includes things like Real Estate Professional Status, the short-term rental tax rules, and even owning the building where you practice.
For physicians paying a significant amount in taxes every year, understanding these strategies can change the way you look at real estate.
You still need to understand the property, the numbers, and the requirements involved. But taxes are an important part of the overall return.
We put together a free guide that walks through three real estate tax strategies doctors can use to potentially lower or even eliminate their income taxes through real estate.
https://semiretiredmd.com/three-ways/
#physicianinvestor #realestateinvesting #realestatetaxes #physicianfinance #semiretiredmd
Rental property comes with expenses and deductions that work very differently from W-2 income, and depreciation is a big part of that.
Depreciation allows you to deduct a portion of a property’s value over time, even while the property may be producing income.
Depending on the property, your level of participation, and your individual tax situation, there are also strategies that can affect how real estate income and losses are treated.
That includes things like Real Estate Professional Status, the short-term rental tax rules, and even owning the building where you practice.
For physicians paying a significant amount in taxes every year, understanding these strategies can change the way you look at real estate.
You still need to understand the property, the numbers, and the requirements involved. But taxes are an important part of the overall return.
We put together a free guide that walks through three real estate tax strategies doctors can use to potentially lower or even eliminate their income taxes through real estate.
https://semiretiredmd.com/three-ways/
#physicianinvestor #realestateinvesting #realestatetaxes #physicianfinance #semiretiredmd